Welcome to 5112 Cathy Drive, built by one of North Texas’ top builders — Highland Homes and located in the beautiful community of Clements Ranch! This stunning 3-bedroom, 2-bath home blends quality craftsmanship with modern style. Upgrades include new stone around the flower bed and tress as well as new carpet in all bedrooms and new ceilings fans. Step inside to an open-concept layout featuring fresh interior paint, a spacious island kitchen with granite countertops, stainless steel appliances, and a subway tile backsplash. The luxury plank flooring and corner fireplace create a warm, inviting feel throughout. Relax in your private primary suite with a marble double vanity, separate tub and shower, and large walk-in closet. Enjoy year-round comfort with a tankless water heater and easy maintenance with tile in all wet areas. The covered back patio is perfect for outdoor gatherings or quiet evenings at home. Step outside and enjoy resort-style living in Clements Ranch, offering incredible community amenities including a sparkling pool and clubhouse, fitness center, four fishing ponds, scenic walking trails, dog park, soccer field, basketball court, playground, and more. Plus, you’re just minutes from Lake Ray Hubbard — the perfect blend of outdoor adventure and suburban convenience. Move-in ready and full of upgrades — this Forney gem is a must-see!
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
